Union Budget 2013 Highlights:
* Start-ups and MSMEs can list on SME exchange without public offering but only after informing invetors
* If an MSME grows into a larger enterprise, no tax for three years after its growth
* Small and medium companies to be allowed to listed on MSME exchange without making a public offer
* Re-financing capacity of SIDBI increased to Rs. 10,000 crore from Rs. 5,000 crore for Ministry of Small and Medium Enterprises
* National Skill Development Corporation to train 5 crore people in current plan period
* To modernize powerloom sector, minister announced technology upgrade scheme for textile sector to get INR 2400 crore
* Youngsters who are skill trained to be given boost in employment and producitvity; 10 lakh youth can be motivated in one year
* To allocate Rs 1000 crore to extend skills of youth
* With help of Ministry of S&T, Centre has identified amazing innovations; will allocate Rs. 200cr to scale them and make them avaiable to people
* Centre has no plans to revise direct tax rates